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20130228
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CBS
Feb 26, 2013 5:00am PST
in on friday and no sign of progress in washington on efforts to avoid it. today president obama plans to visit a virginia shipbuilding company that would be affected by cuts to the military. the president and other democrats are calling for a package of targeted cuts and tax increases. republican leaders say all the savings should come from reduced spending. >> you know, the president proposed this sequester, yet he is far more interested in holding campaign rallies than he is in urging his senate democrats actually to pass a. >> these cuts do not have to happen. congress can turn them off anytime with just a little bit of compromise. >> if all sides cannot come together and reach an agreement before friday, $85 billion would automatically be cut from domestic and defense budgets. >>> the senate is set to vote today to end debate on the confirmation for chuck hagel to be the next secretary of defense. hagel is expected to clear the 60-vote hurdle to end the debate and send it to final debate. the senate finance is expected to approve jack lew for h
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